Multiplex has been appointed to build the City of London’s newest skyscraper.
Fifty Fenchurch Street will provide around 60,400 square metres of office space in the heart of the financial district.
Multiplex did not divulge the value of the job but data provider Glenigan estimates it is worth £400m.
The new building will rise to 36 storeys, two fewer than its Fenchurch Street neighbour the Walkie Talkie.
The City of London Corporation’s planning committee unanimously approved the plans in May 2020.
Multiplex was appointed by investment firm AXA IM Alts. The two firms previously worked together on 22 Bishopsgate, a 62-storey City of London building completed in 2020.
Construction of 50 Fenchurch Street is expected to be completed in 2028. Keltbray finished enabling works in May and will start piling this month.
The contract win adds to Multiplex’s portfolio of major London projects. The firm is currently building One Leadenhall, another 36-storey building in central London.
Multiplex UK managing director Callum Tuckett said: “We are extremely proud to have been appointed by AXA IM to deliver 50 Fenchurch Street.
“We believe the development will set a new benchmark for future workplaces in London and beyond, and we look forward to working alongside the rest of the project team to bring this visionary development to life.”
The development will retain two nearby heritage sites, the medieval church tower of All Hallows Staining and Lambe’s Chapel Crypt. It also includes a new underground livery hall for the Clothworkers’ Company.
Fifty Fenchurch Street will target BREEAM Outstanding and net-zero operation, with 70 species of plants throughout the landscaped gardens and 40 planted terraces.
YardNine is the delivery partner on the 50 Fenchurch Street scheme, with Arup on board to lead engineering design.
The building’s designer Eric Parry Architects also designed One Undershaft, which if approved will be the UK’s joint-tallest building alongside the Shard.
Rob Samuel, UK head of development at AXA IM Alts, said: “Commencing construction with Multiplex marks a significant milestone in the realisation of what we believe is a one-of-a-kind development in the City of London.”
